Citigroup Increases AECOM (NYSE:ACM) Price Target to $128.00

AECOM (NYSE:ACM) had its target price lifted by Citigroup from $110.00 to $128.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other equities research analysts have also issued reports on ACM. Royal Bank of Canada upped their target price on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com downgraded AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 19th. Barclays increased their target price on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. KeyCorp boosted their price target on AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Robert W. Baird raised their price objective on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.29.

AECOM Trading Down 0.4 %

Shares of ACM stock opened at $104.45 on Tuesday. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $108.26. The firm’s 50 day moving average price is $101.22 and its two-hundred day moving average price is $94.00. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of -1,160.56, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company earned $0.94 earnings per share. AECOM’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts anticipate that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were given a $0.22 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a yield of 0.84%. AECOM’s dividend payout ratio is -977.78%.

Institutional Investors Weigh In On AECOM

A number of institutional investors have recently bought and sold shares of the business. Ninety One UK Ltd bought a new stake in shares of AECOM during the second quarter worth $46,109,000. Findlay Park Partners LLP grew its holdings in AECOM by 22.6% during the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after acquiring an additional 472,944 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in AECOM in the 3rd quarter valued at about $42,201,000. DekaBank Deutsche Girozentrale raised its stake in shares of AECOM by 451.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock worth $47,617,000 after acquiring an additional 394,481 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of AECOM by 18.8% during the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock worth $143,573,000 after purchasing an additional 258,250 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.